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Jumbo Expansion

We are excited to announce an expansion of LTVs on our Jumbo products effective for loans locked on and after today, March 22nd, 2021. Up to 89.99% LTV on Primary Purchase & Rate/Term Refinances* No Mortgage Insurance Required Minimum...

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Second Home & Investment Properties Eligibility

Fannie and Freddie are implementing changes to Second Home and Investment properties to manage to the 7% limit, as announced by the Treasury/FHFB in January.  Based on these changes, all Second Home/Investment will now have a 50 bps LLPA...

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Correspondent VVOE Policy Relaxed

  Fairway Wholesale Lending is excited to announce the removal of current COVID VVOE Policies for correspondent transactions.  Effective immediately, Fairway is eliminating the additional post close, pre-purchase VVOE for Correspondent transactions.   The...

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USDA Dates & Reminders During Conversion to NEW GUS

As a reminder, USDA has announced that they will continue processing loans through 02/26/2021 and final submissions received by USDA via Legacy GUS by 11:59 PM ET on 02/12/2021 will be considered for conditional commitment prior to the 02/26/2021...

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2021 Loan Limits

As previously announced by the Agencies, the newly updated 2021 loan limits are effective as of January 1st. The new 2021 general and high balance conventional loan limits are currently available for all conventional loans and can be found...

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Pricing Special Updates

We are pleased to announce that we will be making the pricing specials offered in 2020 for Conventional loans permanent effective January 1, 2021. These positive adjustments will now be shown as an LLPA on our rate sheet.   Additionally,...

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